LG reports lagging profits and continued mobile losses in Q1 2019

LG has released its latest quarterly results, and you're never going to guess what happened. It's getting to be an old story at this point: LG makes money, but the smartphone segment drags it down. That's the case with LG's latest Q1 2019 results.

The headlining number is an operating profit of KRW 900.6 billion (USD 801.25 million) on sales of KRW 14.92 trillion (USD 13.27 billion). That's not bad, but it's a 20% drop from last year at this time.

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LG reports lagging profits and continued mobile losses in Q1 2019 was written by the awesome team at Android Police.

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